Market Report Canada

Positive YOY Performance for Canadian Hotel Industry Week Ending 10 November 2018

Canadian hotel occupancy increased 2.4% to 66.2% during the week of 4-10 November. ADR rose 2.7% to 149.33 Canadian dollars ($112.85), which lifted RevPAR 5.2% to CA$98.92 ($74.76).
Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Occupancy Up 2.4 Percent to 66.2 Percent For Week Ending 10 November 2018

STR

The Canadian hotel industry posted positive year-over-year results in the three key performance metrics during the week of 4-10 November 2018, according to data from STR.

In comparison with the week of 5-11 November 2017, the industry reported the following:

• Occupancy: +2.4% to 66.2%
• Average daily rate (ADR): +2.7% to CAD149.33
• Revenue per available room (RevPAR): +5.2% to CAD98.92

Among the provinces and territories, New Brunswick registered the largest increases in occupancy (+16.3% to 65.9%) and RevPAR (+21.8% to CAD80.09).

Manitoba saw the only other double-digit jump in occupancy (+11.4% to 72.0%).

Prince Edward Island reported the second-highest lift in RevPAR (+15.9% to CAD48.85).

The Northwest Territories posted the only double-digit increase in ADR (+14.1% to CAD165.41) despite a 10.1% drop in occupancy to 50.8%.

Newfoundland and Labrador reported the steepest declines in each of the three key performance metrics: occupancy (-12.6% to 51.4%), ADR (-9.6% to CAD127.53) and RevPAR (-21.0% to CAD65.50).

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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